Recently, personnel changes at the Federal Reserve have become the focus of global capital markets. The competition between the strongly advocated rate-cutting supporter Haskett and the veteran central banker Wosh, which was initially highly anticipated, suddenly became evenly matched. A recent statement from JPMorgan CEO further energized the market.

What exactly are the differences between these two?

**Haskett's logic is straightforward**—as a close confidant of Trump, he advocates for aggressive rate cuts and liquidity injections. In the short term, this approach is definitely positive for the crypto market, and BTC and ETH may see a new wave of capital inflows. But the problem is also clear: such aggressive monetary easing could sow the seeds of inflation, which might become a market bomb in the long run.

**Wosh takes a different path**—he has been active in the central banking system since the Bernanke era, advocating for steady and moderate easing policies. This approach is slower to show results but is relatively controllable, providing more certainty for long-term investors in DeFi and spot ETFs.

The current market reaction is quite interesting. $ANIME surged 54% in a single day, with the Musk concept and liquidity expectations fueling the hot MEME sector; $ETH is also steadily rising under the influence of policy expectations.

If you have to choose, **short-term focus on the rate-cutting expectation narrative and position in some highly elastic assets**. But don’t forget the long-term risks—policy reversals can come too quickly, and you could get caught off guard. Trump will make a decision early next year, so a prudent approach is to simultaneously allocate long-term ecosystem assets and leave enough buffer space.

(Disclaimer: For reference only. Doing your own research is the most important.)